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(ARENM) Amara Raja complete technical analysis [charts+indicators] | Buy/Sell Amara Raja | (ARENM) share price targets

Complete technical analysis of Amara Raja (ARENM) by charts plus indicators, forecast predictions and share price targets for Amara Raja (ARENM)

Showing technical analysis as on 2024-06-07 View latest technical analysis

10 day averaged volume of Amara Raja is 3675949

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1401.15	1288.00	1448.70	1272.20	3.343 times
06 Thu Jun 2024	1277.50	1265.00	1333.00	1246.55	2.018 times
05 Wed Jun 2024	1217.40	1119.95	1233.95	1057.25	1.262 times
04 Tue Jun 2024	1082.30	1196.40	1197.95	1000.00	1.028 times
03 Mon Jun 2024	1196.40	1250.00	1250.00	1187.25	0.334 times
31 Fri May 2024	1181.35	1203.00	1225.00	1172.00	0.52 times
30 Thu May 2024	1190.05	1218.80	1242.00	1182.40	0.376 times
29 Wed May 2024	1213.15	1247.65	1278.00	1192.60	1.026 times
28 Tue May 2024	1247.65	1231.00	1277.50	1218.00	0.951 times
27 Mon May 2024	1221.55	1225.00	1268.90	1188.65	0.934 times

Stock of Amara Raja (ARENM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1343.4, for a target of 1253.6 or 1178.81

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	737.70
Downside Target	768.30
Downside Target	810.10
Downside Target	895.15
Downside Target	915.55
Downside Target	1000.00
Downside Target	1057.85
Downside Target	1109.10
Downside Target	1168.00
Downside Target	1204.40
Downside Target	1238.00
Downside Target	1278.00
Upside Target	1448.70

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1117.87
Downside Intraday Target	834.58
Upside Intraday Target	1566.57
Upside Intraday Target	1731.98
Downside Intraday Target	1283.28

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1401.15	1250.00	1448.70	1000.00	2.097 times
31 Fri May 2024	1181.35	1225.00	1278.00	1172.00	1.751 times
24 Fri May 2024	1210.15	1164.00	1238.00	1109.10	1.604 times
18 Sat May 2024	1158.40	1070.00	1168.00	1013.35	0.677 times
10 Fri May 2024	1071.95	1137.00	1173.25	1057.85	2.299 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Amara Raja (ARENM)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1401.15	1250.00	1448.70	1000.00	0.814 times
31 Fri May 2024	1181.35	1091.00	1278.00	1013.35	0.504 times
30 Tue Apr 2024	1099.70	773.00	1204.40	768.30	5.859 times
28 Thu Mar 2024	760.40	842.95	895.15	737.70	1.37 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Amara Raja (ARENM)

Price action analysis of Amara Raja ( (ARENM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Amara Raja ( (ARENM) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Amara Raja ( (ARENM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Amara Raja stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Amara Raja in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Amara Raja Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Amara Raja in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Amara Raja is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1267.34 and Amara Raja (ARENM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Amara Raja (ARENM) stock. Volume based technical analysis of Amara Raja (ARENM) stock is negative.

Amara Raja Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.